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A BILL TO BE ENTITLED
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AN ACT
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relating to the authority of the East Montgomery County Improvement |
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District to receive certain tax revenue derived from a hotel and |
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convention center project and to pledge certain tax revenue for the |
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payment of obligations related to the project. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 3846, Special District Local Laws Code, |
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is amended by adding Subchapter K to read as follows: |
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SUBCHAPTER K. HOTEL AND CONVENTION CENTER PROJECTS |
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Sec. 3846.501. DEFINITION. In this subchapter, "qualified |
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project" has the meaning assigned by Section 351.151, Tax Code. |
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Sec. 3846.502. HOTEL AND CONVENTION CENTER PROJECTS. (a) |
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The board by order may authorize proceeds from the hotel occupancy |
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tax imposed under Subchapter J of this chapter to be used for a |
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qualified project under Subchapter C, Chapter 351, Tax Code. The |
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use authorized by this subsection is in addition to any other use |
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authorized by law. |
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(b) If the board adopts an order described by Subsection |
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(a): |
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(1) a reference in Subchapter C, Chapter 351, Tax |
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Code, to a municipality is a reference to the district; and |
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(2) the district is considered to be a municipality |
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for purposes of Subchapter C, Chapter 351, Tax Code, with the same |
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rights, privileges, and responsibilities as a municipality under |
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that subchapter, including the ability to pledge or commit revenue |
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under Section 351.155, Tax Code, for bonds or other obligations |
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issued for a qualified project or contractual obligations for a |
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qualified project and to receive certain tax revenue under Section |
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351.156, Tax Code. |
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(c) In the event of a conflict between this section and |
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another provision of this chapter, this section controls. |
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SECTION 2. (a) The legal notice of the intention to |
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introduce this Act, setting forth the general substance of this |
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Act, has been published as provided by law, and the notice and a |
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copy of this Act have been furnished to all persons, agencies, |
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officials, or entities to which they are required to be furnished |
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under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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Government Code. |
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(b) The governor, one of the required recipients, has |
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submitted the notice and Act to the Texas Commission on |
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Environmental Quality. |
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(c) The Texas Commission on Environmental Quality has filed |
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its recommendations relating to this Act with the governor, |
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lieutenant governor, and speaker of the house of representatives |
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within the required time. |
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(d) All requirements of the constitution and laws of this |
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state and the rules and procedures of the legislature with respect |
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to the notice, introduction, and passage of this Act have been |
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fulfilled and accomplished. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2023. |